Service Sector Surveys Show Slowdown In September Despite Rebound In Employment With the market desperate for any visibility into the economy – due to data being cutoff during the shutdown – this morning’s soft survey data on the services sector could have a larger impact on stocks and bonds than normal. With ‘hard’ data surging higher, S&P Global’s US Services PMI rose from 53.9 preliminary to 54.2 final in September (but that is down from the 54.5 final print for August). The ISM Services PMI also fell MoM from 52.0 to 50.0 (worse than the 51.7 expected) – that is… — Continue at ZeroHedge News : Read More
